WEST PALM BEACH, Fla., Oct. 19, 2016 (GLOBE NEWSWIRE) — Alliance BioEnergy Plus, Inc. (OTCQB:ALLM) (the “Company”) is pleased to announce that the Airports Council International – North America (“ACI-NA”) has given its written support of the CTS process for the production of aviation biofuels and Alliance’s application to the Department of Energy for a bio-refinery demonstration plant, producing jet fuel from agriculture and yard waste.
As one of the founding organizations of the Commercial Aviation Alternative Fuels Initiative (CAAFI), a public-private partnership to promote the development of the aviation biofuels industry, ACI-NA is extremely supportive of efforts to advance the commercialization of aviation biofuels.
The airline industry is taking a proactive approach to its impact on climate change, and ACI has signed on to a collective industry goal of carbon-neutral growth from 2020. In order to meet this goal, biofuels must be a part of the solution. The volume of production will need to scale up quickly in order to start making meaningful contributions towards stabilizing our collective carbon footprint in the coming years. In addition, the incentives for developing a sustainable, domestic fuel supply that is not subject to the same price volatility as petroleum-based fuels are significant. Katherine Preston, Senior Director of Environmental Affairs said, “The work being done by Alliance BioEnergy and Ek Laboratories is critical towards meeting these goals.” Katherine Preston went on to say, “This promising technology would offer a sustainable pathway for the production of aviation biofuels from multiple, different feedstock.”
Alliance BioEnergy +, Inc. (“ALLM”) is a publicly traded company focusing on the commercialization and licensing of a patented cellulose conversion technology that it controls through a master license agreement with the University of Central Florida. ALLM’s subsidiary, AMG Energy Group, LLC (“AMG”), owns 50% of Carbolosic, LLC, in a joint venture with Thor Renewable Energy Singapore. Carbolosic holds the exclusive, worldwide license to four (4) issued patents and fourteen (14) filed and pending patents revolving around the core CTS (cellulose to sugar) technology. ALLM also holds the exclusive CTS rights to North America (Canada, US, and Mexico) and Africa.
The CTS process is the only known patented, dry mechanical process that can convert virtually any cellulose material into sugars and other products in a matter of minutes with no liquid acids, no applied heat, pressure or hazardous materials of any kind. The CTS process when used in the production of Ethanol is clean, less expensive to build and operate than traditional ethanol plants or other cellulose ethanol technologies and is completely environmentally friendly.
Information in this document constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “forecast”, “anticipate”, “estimate”, “project”, “intend”, “expect”, “should”, “believe”, and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve, and are subject to known and unknown risks, uncertainties and other factors which could cause Alliance BioEnergy Plus, Inc. actual results, performance (financial or operating) or achievements to differ from the future results, performance (financial or operating) or achievements expressed or implied by such forward-looking statements. The risks, uncertainties and other factors are more fully discussed in Alliance Media Group Holdings, Inc’s filings with the U.S. Securities and Exchange Commission. All forward-looking statements attributable to Alliance BioEnergy Plus, Inc herein are expressly qualified in their entirety by the above-mentioned cautionary statement. Alliance BioEnergy Plus, Inc. disclaims any obligation to update forward-looking statements contained in this estimate, except as may be required by law.
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